A student bought a used car for $10,000 and resold it one year later for $6,500. insurance, license, and operating costs for the year were $1,500. what was his economic cost of owning and operating the

A student bought a used car for $10,000 and resold it one year later for $6,500. insurance, license, and operating costs for the year were $1,500. what was his economic cost of owning and operating the car for the year if the market rate of interest was 10 percent?

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A student bought a used car for $10,000 and resold it one year later for $6,500. insurance, license, and operating costs for the year were $1,500. what was his economic cost of …

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